Total Floor Area of approx. 4,255 sq. ft. (395.30 sq. m.) over Ground and First floors
Located within the well established Buckingway Business Park
Situated adjacent to A14 dual carriageway
Lot 50
Auction 25th September 2024
Rent £51,264 per Annum Exclusive
Status Sold
Price £406,000
Sector Office
Auction Venue Live Streamed Auction
On behalf of a Major Fund Manger
Property Information
Location
Miles
7 miles north west of Cambridge, 22 miles south of Peterborough, 53 miles north of London
Roads
M11, A14, A1(M)
Rail
Cambridge Railway, Huntingdon Railway Stations
Air
London Stansted Airport
Situation
The property is located with the Buckingway Business Park, strategically situated adjacent to the major A14 (Huntingdon Road) trunk road which connects the M11 and A1(M) as well as Huntingdon and Cambridge. the Business Park provides an interesting mix of industrial and office buildings with occupiers including Network Rail Balfour Beatty and Travelodge.
Tenure
Freehold.
Location
Miles
7 miles north west of Cambridge, 22 miles south of Peterborough, 53 miles north of London
Roads
M11, A14, A1(M)
Rail
Cambridge Railway, Huntingdon Railway Stations
Air
London Stansted Airport
Situation
The property is located with the Buckingway Business Park, strategically situated adjacent to the major A14 (Huntingdon Road) trunk road which connects the M11 and A1(M) as well as Huntingdon and Cambridge. the Business Park provides an interesting mix of industrial and office buildings with occupiers including Network Rail Balfour Beatty and Travelodge.
Tenure
Freehold.
Description
The property comprises a two storey office building with Male/ Female WC's on each floor.
VAT
VAT is applicable to this lot.
Completion Period
6 week completion available
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a two storey office building with Male/ Female WC's on each floor.
VAT
VAT is applicable to this lot.
Completion Period
6 week completion available
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
Rent Review
Ground/First
Office
395.30
(4,255)
SHAMIR UK LIMITED (1)
10 years from 06/03/2019 until 05/03/2029 (2)
£51,264
06/03/2024
Total
395.30
(4,255)
£51,264
(1) For the year ending 31/12/2022 Shamir UK Ltd reported a Turnover of £64,254,313, a Pre-Tax Profit of £7,605,637 and a Net Worth of £22,065,131 (NorthRow 19/07/2024). Shamir was founded in 1972 and is a world leading producer of high performance lenses (www.shamir.com). (2) The tenant did not exercise their break option on 06/03/2024.
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
